Significant Inflow Detected for iShares Broad USD Corporate Bond ETF
Recent analysis by ETF Channel highlights considerable week-over-week changes in the outstanding shares of various ETFs. A notable example is the iShares Broad USD Investment Grade Corporate Bond ETF (Symbol: USIG), which experienced an impressive inflow of approximately $453.4 million. This inflow signifies a 3.6% increase in outstanding units, rising from 244,450,000 to 253,350,000.
The chart below illustrates the one-year price performance of USIG compared to its 200-day moving average:
Analyzing the chart reveals that the lowest price in USIG’s 52-week range is $49.075 per share, while the peak is $52.935. As of now, the most recent trade stands at $50.91. Investors often benefit from comparing the current share price against the 200-day moving average as a technical analysis strategy. For more insights, learn about the 200-day moving average.
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Exchange-traded funds (ETFs) function similarly to stocks; however, investors trade in ‘units’ rather than ‘shares’. These units can be exchanged like stocks, but they can also be created or liquidated based on investor demand. Each week, we analyze the week-over-week change in shares outstanding to identify ETFs experiencing significant inflows (indicating many new units created) or outflows (many old units destroyed). The creation of new units requires purchasing the underlying assets of the ETF, while the destruction involves selling these components, hence large flows can influence the individual securities held within ETFs.
Click here to discover which other nine ETFs had notable inflows »
Also See:
- Top Ten Hedge Funds Holding CHIL
- Automatic Data Processing MACD
- EWM Shares Outstanding History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
